Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Cost of Living in Toronto is 35.2% lower than in New York, NY (excluding rent) | |
| Cost of Living Including Rent in Toronto is 44.7% lower than in New York, NY | |
| Rent Prices in Toronto are 56.9% lower than in New York, NY | |
| Restaurant Prices in Toronto are 36.7% lower than in New York, NY | |
| Groceries Prices in Toronto are 30.6% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 13.6% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
30.00 $ (40.77 C$) |
18.64 $ (25.33 C$) |
-37.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
145.00 $ (197.06 C$) |
82.78 $ (112.50 C$) |
-42.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.50 $ (16.99 C$) |
11.04 $ (15.00 C$) |
-11.7 % |
| Domestic Beer (1 pint draught) |
8.00 $ (10.87 C$) |
5.89 $ (8.00 C$) |
-26.4 % |
| Imported Beer (12 oz small bottle) |
12.00 $ (16.31 C$) |
6.62 $ (9.00 C$) |
-44.8 % |
| Cappuccino (regular) |
5.95 $ (8.09 C$) |
3.89 $ (5.29 C$) |
-34.5 % |
| Coke/Pepsi (12 oz small bottle) |
3.30 $ (4.49 C$) |
2.17 $ (2.95 C$) |
-34.4 % |
| Water (12 oz small bottle) |
2.63 $ (3.57 C$) |
1.66 $ (2.25 C$) |
-37.0 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (regular), (1 gallon) |
5.98 $ (8.13 C$) |
10.43 $ (14.18 C$) |
+74.4 % |
| Loaf of Fresh White Bread (1 lb) |
4.65 $ (6.31 C$) |
2.53 $ (3.44 C$) |
-45.6 % |
| Rice (white), (1 lb) |
3.73 $ (5.06 C$) |
1.63 $ (2.21 C$) |
-56.4 % |
| Eggs (regular) (12) |
7.07 $ (9.61 C$) |
3.55 $ (4.82 C$) |
-49.9 % |
| Local Cheese (1 lb) |
7.87 $ (10.70 C$) |
6.10 $ (8.30 C$) |
-22.5 % |
| Chicken Fillets (1 lb) |
7.48 $ (10.16 C$) |
5.94 $ (8.08 C$) |
-20.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.15 $ (12.44 C$) |
7.56 $ (10.28 C$) |
-17.4 % |
| Apples (1 lb) |
3.41 $ (4.63 C$) |
1.85 $ (2.51 C$) |
-45.7 % |
| Banana (1 lb) |
1.13 $ (1.53 C$) |
0.52 $ (0.71 C$) |
-53.8 % |
| Oranges (1 lb) |
2.62 $ (3.56 C$) |
1.50 $ (2.04 C$) |
-42.8 % |
| Tomato (1 lb) |
2.89 $ (3.93 C$) |
1.86 $ (2.52 C$) |
-35.7 % |
| Potato (1 lb) |
1.71 $ (2.33 C$) |
1.13 $ (1.53 C$) |
-34.1 % |
| Onion (1 lb) |
1.82 $ (2.48 C$) |
1.29 $ (1.76 C$) |
-28.9 % |
| Lettuce (1 head) |
3.11 $ (4.22 C$) |
2.41 $ (3.27 C$) |
-22.5 % |
| Water (1.5 liter bottle) |
2.52 $ (3.42 C$) |
1.95 $ (2.65 C$) |
-22.4 % |
| Bottle of Wine (Mid-Range) |
19.99 $ (27.17 C$) |
13.24 $ (18.00 C$) |
-33.7 % |
| Domestic Beer (0.5 liter bottle) |
2.96 $ (4.03 C$) |
2.73 $ (3.71 C$) |
-7.9 % |
| Imported Beer (12 oz small bottle) |
3.79 $ (5.16 C$) |
3.20 $ (4.36 C$) |
-15.5 % |
| Cigarettes 20 Pack (Marlboro) |
19.00 $ (25.82 C$) |
14.72 $ (20.00 C$) |
-22.5 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-way Ticket (Local Transport) |
2.90 $ (3.94 C$) |
2.46 $ (3.35 C$) |
-15.0 % |
| Monthly Pass (Regular Price) |
132.00 $ (179.39 C$) |
114.79 $ (156.00 C$) |
-13.0 % |
| Taxi Start (Normal Tariff) |
4.99 $ (6.78 C$) |
3.68 $ (5.00 C$) |
-26.3 % |
| Taxi 1 mile (Normal Tariff) |
3.50 $ (4.76 C$) |
2.37 $ (3.22 C$) |
-32.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
42.00 $ (57.08 C$) |
25.75 $ (35.00 C$) |
-38.7 % |
| Gasoline (1 gallon) |
3.56 $ (4.83 C$) |
4.22 $ (5.74 C$) |
+18.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35,000.00 $ (47,566.75 C$) |
25,081.49 $ (34,087.00 C$) |
-28.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,984.05 $ (38,031.73 C$) |
21,331.79 $ (28,990.96 C$) |
-23.8 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
181.37 $ (246.49 C$) |
117.60 $ (159.83 C$) |
-35.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
59.81 $ (81.29 C$) |
37.39 $ (50.82 C$) |
-37.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
62.90 $ (85.48 C$) |
54.06 $ (73.47 C$) |
-14.1 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
142.19 $ (193.24 C$) |
56.32 $ (76.54 C$) |
-60.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
64.58 $ (87.77 C$) |
20.78 $ (28.24 C$) |
-67.8 % |
| Cinema, International Release, 1 Seat |
20.00 $ (27.18 C$) |
11.77 $ (16.00 C$) |
-41.1 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,164.36 $ (4,300.52 C$) |
1,131.51 $ (1,537.77 C$) |
-64.2 % |
| International Primary School, Yearly for 1 Child |
57,250.00 $ (77,805.61 C$) |
18,115.02 $ (24,619.21 C$) |
-68.4 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
66.98 $ (91.03 C$) |
57.53 $ (78.19 C$) |
-14.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
48.05 $ (65.31 C$) |
39.27 $ (53.37 C$) |
-18.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
113.27 $ (153.94 C$) |
88.68 $ (120.53 C$) |
-21.7 % |
| 1 Pair of Men Leather Business Shoes |
170.74 $ (232.04 C$) |
114.81 $ (156.03 C$) |
-32.8 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| Apartment (1 bedroom) in City Centre |
4,143.37 $ (5,631.05 C$) |
1,816.00 $ (2,468.04 C$) |
-56.2 % |
| Apartment (1 bedroom) Outside of Centre |
2,681.09 $ (3,643.74 C$) |
1,550.56 $ (2,107.29 C$) |
-42.2 % |
| Apartment (3 bedrooms) in City Centre |
8,388.10 $ (11,399.84 C$) |
2,969.89 $ (4,036.23 C$) |
-64.6 % |
| Apartment (3 bedrooms) Outside of Centre |
5,217.60 $ (7,090.98 C$) |
2,475.48 $ (3,364.31 C$) |
-52.6 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,721.69 $ (2,339.87 C$) |
850.11 $ (1,155.34 C$) |
-50.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,197.27 $ (1,627.14 C$) |
713.58 $ (969.80 C$) |
-40.4 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
5,128.24 $ (6,969.54 C$) |
3,222.32 $ (4,379.30 C$) |
-37.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.44 | 5.16 | -19.9 % |
| Last update: | 11 June 2025 | 15 June 2025 | |
| Contributors in the past 12 months: | 373 | 610 |
Moving to New York, NY? Explore:
Moving to Toronto? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Glen Cove, New York | 30.15 miles |
Cities near Toronto: | Cost of Living in Vaughan | 16.10 miles |
| Cost of Living in Richmond Hill | 22.87 miles |
| Cost of Living in Oakville | 25.57 miles |
| Cost of Living in Brampton | 27.62 miles |
| Cost of Living in Whitby, ON | 33.84 miles |
| Cost of Living in Burlington | 34.94 miles |
| Cost of Living in Oshawa | 35.88 miles |
| Cost of Living in Hamilton | 44.17 miles |
| Cost of Living in Georgina | 57.04 miles |
| Cost of Living in Guelph | 58.38 miles |